1y return−11.0%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since September 30, 2024: $97 against $130 in the S&P 500.2
Heights Capital Management, IncS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| Flutter Entmt PLCCUSIP G3643J108 | $30.1M | 6.9% | |
| AMCAmc Entmt Hldgs Inc | $24.0M | 5.5% | New |
| Meiragtx Hldgs PLCCUSIP G59665102 | $11.5M | 2.7% | New |
| TSHATaysha Gene Therapies Inc | $10.2M | 2.4% | New |
| Starlink Ai Acquisition CorpCUSIP G8443M128 | $10.1M | 2.3% | New |
| Ch4 Natural Solutions CorpCUSIP G2104X101 | $7.9M | 1.8% | New |
| Jackson Acquisition Co IICUSIP G4992A110 | $7.4M | 1.7% | |
| Jab Acquisition Corp ICUSIP G50004129 | $7.0M | 1.6% | New |
| Drugs Made In Amer Acqutn CoCUSIP G2847J104 | $6.9M | 1.6% | |
| Toyo Co LtdCUSIP G8976D107 | $6.9M | 1.6% | New |
| Snow Rothschild AcquisitionCUSIP G8251A125 | $6.5M | 1.5% | New |
| Gores Holdings Xi IncCUSIP G40008123 | $6.1M | 1.4% | New |
| Iron Dome Acquisition I CorpCUSIP G4949K120 | $6.1M | 1.4% | New |
| Alpex Acquisition CorpCUSIP G63325123 | $5.5M | 1.3% | New |
| Pono Cap Four IncCUSIP G71702107 | $5.5M | 1.3% | New |
| Drugs Made In Amer Acq II CoCUSIP G2851K104 | $5.2M | 1.2% | |
| Kochav Defense Acqui CoCUSIP G5304D106 | $5.2M | 1.2% | |
| Proqr Thrapeutics N VCUSIP N71542109 | $5.1M | 1.2% | New |
| Ocean Cap Acquisition CorpCUSIP G66903132 | $5.1M | 1.2% | New |
| General Catalyst Gbl Resil MCUSIP G3793T104 | $5.0M | 1.2% | New |
| Disciplined GrowthCUSIP G2775W127 | $5.0M | 1.2% | New |
| Bhav Acquisition CorpCUSIP G1R59W101 | $4.9M | 1.1% | New |
| Xflh Cap CorpCUSIP G9834D107 | $4.7M | 1.1% | New |
| IRHOIron Horse Acquisit II Corp | $4.7M | 1.1% | |
| Nmp Acquisition CorpCUSIP G6375X104 | $4.6M | 1.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Flag Ship Acquisition CorpCUSIP G3530C109 | September 30, 2024 | +10.2% | $3.3M |
| Drugs Made In Amer Acqutn CoCUSIP G2847J104 | June 30, 2025 | +4.4% | $6.9M |
| Kochav Defense Acqui CoCUSIP G5304D106 | September 30, 2025 | +3.4% | $5.2M |
| Jackson Acquisition Co IICUSIP G4992A110 | June 30, 2025 | +3.3% | $7.4M |
| Copley Acquisition CorpCUSIP G24243100 | September 30, 2025 | +3.2% | $3.1M |
| Fifth Era Acquisition Corp ICUSIP G3415K101 | June 30, 2025 | +2.7% | $3.6M |
| Nmp Acquisition CorpCUSIP G6375X104 | December 31, 2025 | +2.4% | $4.6M |
| Ai Infrastructure AcquisiCUSIP G01336109 | March 31, 2026 | +2.0% | $3.1M |
| IRHOIron Horse Acquisit II Corp | March 31, 2026 | +1.7% | $4.7M |
| Emmis Acquisition Corp.CUSIP G3037D105 | December 31, 2025 | +1.6% | $3.6M |
Sold off last quarter
- SLDPSolid Power Inc was $37.2M
- IONQIonq Inc was $23.5M
- Sealsq CorpCUSIP G79483106 was $8.2M
- Fg Merger II CorpCUSIP 30334J102 was $8.0M
- Pono Cap Four IncCUSIP G71702123 was $5.5M
- M3brigade Acquisition V CorpCUSIP G63212107 was $5.4M
- Bhav Acquisition CorpCUSIP G1R59W127 was $4.9M
- Xflh Cap CorpCUSIP G9834D123 was $4.7M
- Churchill Cap Corp XiCUSIP G2131A108 was $4.6M
- Gp-act III Acquisition CorpCUSIP G4035N103 was $4.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.2% | +14.8% |
| March 31, 2026 | −13.4% | −4.6% |
| December 31, 2025 | −8.6% | +2.4% |
| September 30, 2025 | +1.1% | +7.8% |
| June 30, 2025 | +14.2% | +10.5% |
| March 31, 2025 | −9.8% | −4.6% |
| December 31, 2024 | +5.9% | +2.1% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Heights Capital Management, Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1081698&type=13F-HR&dateb=&owner=include&count=40CIK 1081698
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1081698/000108169826000008/Filed August 14, 2026 · accession 0001081698-26-000008